Wave Analysis
Not much happened during the previous trading day, euro is still struggling below the line 1.33015. This is a key line and while the price remains below it, we remain hesitant to buy the impulsive wave (c) . But in case the current week’s candle successfully close above 1.33015, then this will be a confirmation that we’re upwards with an ultimate target at 1.45706. On its way upwards, the key line to look for include 1.35700, and 1.40530, these are potential reversal lines and should price break above them, then we expect a spike towards 1.45206.
Trade Recommendations:
Buy a close above 1.33055 towards 1.45206.
Origin: FreshForex
